PNB Gilts Ltd. serves as a key primary dealer in India's government securities market. The company's principal activities involve the underwriting and active bidding on new issuances of government debt. Beyond primary market participation, PNB Gilts actively trades a diverse array of fixed-income instruments, such as sovereign bonds, treasury bills, cash management bills, and state development loans. Its portfolio also encompasses corporate bonds, interest rate swaps, and various money market instruments like certificates of deposit and commercial papers. The company further extends its services by offering custodian facilities to its clientele. Additional offerings include specialized gilts accounts, mutual funds, and bonds issued by both Public Sector Undertakings (PSUs) and other corporate entities. Its broad client base spans provident fund trusts, regional rural banks, cooperative banks, corporations, and individual investors. Established in 1996 and headquartered in New Delhi, India, the company operates as a subsidiary of Punjab National Bank.
